Obama Press Conference Analysis

Well, the president just finished, amazingly on time, what do you make of this, Snerdley? A press conference before the program starts, started right at 11 o’clock straight up, and it ended right at 12 noon straight up. (interruption) No. Well, I don’t think so. Snerdley says, “He wanted to get out of there. I think he’s tired of the questions.” I don’t think so at all. I think that by holding his press conference now, Obama was able to dilute the number of budget questions with questions on Egypt. There were a lot of questions on Egypt in there in this press conference that diluted any more time that could have been spent on the budget.

In this press conference Obama actually talked about the fact that we have to cut back on what we can’t afford, that government has to live within its means like families. Now, two years ago, before he’s implemented any policy, fine, say that. But two years after the biggest expansion of government spending and indebtedness — I think I heard yesterday that all the debt piled up from George Washington to George W. Bush has now been eclipsed in just two years of Obama, or will be in four years of Obama, something like that. I mean, living within our means from this guy? This guy dares preach to us about living within our means? He’s the architect of a level of debt here that for all intents and purposes can never be paid back. And anybody in their right mind knows this can never be paid back. All that can happen here is that an effort be made to pay it back so that there are people willing to invest in this country, willing to invest in our financial institutions.